Personal Insurance Claims & Advisory

Helping you quantify losses.

 Delivering clear, credible, and equitable loss calculations

A fair, objective loss assessment is best for all parties involved in a claim. As the leading specialist in insurance claims quantification, BDO's Personal Insurance Claims & Advisory practice is dedicated to assisting insurance companies and defense or plaintiff counsel to quickly and equitably quantify accident benefits, Income Replacement Benefit (IRB) calculations, financial dependency, attendant care benefit, and tort claims.

Click here to access the Virtual Office

Our services also include:

Our team brings industry recognized expertise to the calculation of benefits for both employed and self-employed claimants under all provincial regimes.

Determining whether or not a person is “financially dependent” on another individual is a precise exercise using somewhat imprecise numbers. Our experienced forensic accountants can make that determination.

BDO is highly experienced in the quantification of income losses for personal injury tort actions. Our Tort practice has built a strong reputation for comprehensive, defensible analysis and clear and succinct reporting.

Featured insights and offerings for Personal Insurance Claims & Advisory

Resources to support your business

10 reasons to update the IRB calculation

These are the top 10 reasons why a claims adjuster should update the calculation of an income replacement benefit.

Learn more

Related insights

Case study

Fraud deconstructed: A Canadian city falls victim to $558K spear phishing scam

June 01, 2023

How did a Canadian city fall victim to a spear phishing scam?

Infographic

Fraud deconstructed: Lessons learned from the Theranos fraud scandal

March 29, 2023

Former tech unicorn Theranos rose to a valuation of $9 billion. We explore the factors behind the company's downfall.

Case study

Fraud deconstruction: How the notorious FTX crypto exchange allegedly defrauded ...

March 23, 2023

We explore how the FTX cryptocurrency exchange allegedly defrauded investors out of more than $1.8 billion.

Infographic

Resume of a fraudster: how to detect fraud in the workplace

March 06, 2023

The warning signs of employee fraud are not always obvious. These red flags can help you detect a pattern of behaviour and protect your business.

Article

Red flags throughout the lifecycle of an infrastructure project

February 06, 2023

Disputes are common in complex P3 infrastructure projects. This guide identifies red flags throughout the project lifecycle to help minimize the risks...

Case study

Fraud deconstructed: Learn anti-money laundering strategies to better avoid fina...

January 10, 2023

How can your business avoid involvement in money laundering? Learn the red flags as we explore a financial fraud scheme.

Case study

Fraud deconstructed: Eight fraudsters charged for alleged securities fraud

November 28, 2022

How can you avoid securities fraud? Our case study breaks down a pump-and-dump scam to help you watch for red flags.

Article

Mitigating supply chain risks through insurance

November 22, 2022

Certain types of insurance can help mitigate losses from supply chain disruption. We explain key strategies and considerations your organization can i...

Case study

Fraud deconstructed: Cryptocurrency execs charged for $2.4 billion Ponzi scheme

October 27, 2022

How can investors avoid crypto scams? Recognize the red flags as we break down a massive cryptocurrency Ponzi scheme.

Article

The cyber threat lights are flashing – but do trustees know how to prevent incid...

October 26, 2022

Learn how Trustees can proactively safeguard today’s modern form of currency, personal data, to protect their plan members in a Plans and Trusts featu...

Article

10 reasons to update the IRB calculation

September 09, 2022

There are times when a claims adjuster should update the income replacement benefit (IRB) calculation. Find out the 10 reasons why.

Article

Cybersecurity and cyber insurance: How a two-pronged approach can build bulletpr...

July 14, 2022

Is your business protected against the growing risk of cyber attacks? Learn how cybersecurity insurance can help your company recover financially and ...

Case study

Fraud deconstructed: How a key provincial program became a target of employee fr...

May 04, 2022

We explore an occupational fraud scheme targeting an Ontario COVID-19 aid program and share fraud mitigation strategies.

Article

Construction contracts and risk management for today’s market realities

April 04, 2022

Economic trends have led to some interesting changes in construction contracts, and it seems likely that these changes will stick around long after th...

Guide

Employee fraud: A guide for fraud prevention, detection, and response

March 03, 2022

Employee fraud is a serious issue affecting Canadian organizations of all sizes, in all sectors. Our guide can help you spot the warning signs and mit...

See all insights

Our Personal Insurance Claims & Advisory services are in your industry

Supporting the complex governance, risk, and compliance needs of your financial services business so you can focus on your bottom line.

Learn more

Supporting the complex governance, risk, and compliance needs of your financial services business so you can focus on your bottom line.

Learn more

Other services you may be looking for

A financial model can be a powerful decision-making tool if developed correctly. BDO’s team has extensive experience developing financial models to inform business plans and transactions, using an approach anchored by collaboration, transparency, and taking the time to get to know you and your business. All models adhere to the highest financial industry standards and are thoughtfully designed to be easy to navigate.

Learn more

Our Tax teams advise clients on complex tax matters in Canada and abroad. Drawing on deep experience, we help clients meet regulatory obligations, reduce tax burdens, and navigate complex regulations around the world.

Learn more

Technology continues to change the way you operate your business. Exploring solutions—including integrating cloud software, automation, implementing cybersecurity solutions, harnessing data for business decisions, and innovating your employee experience—requires trusted guidance. Our experienced team is focused on helping you unlock innovation for growth and success.

Learn more

The lean finance departments of today require external support, knowledge, and experience. Whether it’s investors, management, or auditors who need accurate financial reporting to make informed decisions, BDO's Accounting Advisory professionals communicate the facts that matter and why they matter, simply and clearly.

Learn more

The sheer complexity of commercial insurance claims can be overwhelming. With signature methodologies, BDO’s Commercial Insurance Claims & Advisory team helps insurance companies and policyholders quantify losses for commercial insurance claims of all types, for companies of all sizes, and for a range of industries.

Learn more